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Understatement of the Decade 2000-2010: "We messed it up" Murdoch on Myspace

Stashed in: Myspace, Douchebaggery

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This is Mexican telecoms magnate Carlos Slim, who used to be the richest man in the world, having a natter with Rupert Murdoch, who used to be one of the most powerful – alright, he still is. Indeed, we can surely expect sky-blue socks with pink spots to be all the rage among male media executives by next spring. The two men adopted matching cross-legged poses at the Wall Street Journal’s WSJD Live conference in Laguna Beach, California, on Wednesday. “We just messed it up,” Murdoch said at one point of Myspace, the social network that News Corp acquired for $580 million in 2005 and sold for an embarrassing $35 million six years later. Photograph: Reuters/Lucy Nicholson

But do you get a sense that he understands how he messed it up?

I'll stop him at the airport and ask him!  I remember I got a job offer from Myspace, but it took close to 8 weeks for News Corp to finalize it, in which time I had taken a different position with an offer I couldn't refuse.   No idea what was going on at that time (well, yes i do), but it clearly seemed like an organizational clash. 

Yeah, any organization that takes months to complete a hiring has some trouble.

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